Union Budget 2015-16 Hospitality sector needs to be exempted from state and central taxes
Keshav Suri February 26, 2015The hospitality sector is looking forward to a favourable Budget this year. There has been a strong focus on this sector. The policies and changes implemented by the government so far have been instrumental in providing the necessary boost to the tourism and hospitality industry.
The industry expects a growth-based Budget that will specifically address the issues faced by it today, setting for an upward growth trajectory. From rationalisation of tax structure to easing of business through single window clearance, the expectations are wide and varied.
The industry expects implementation of e-visa and treating the sector on par with the export industry. The sector needs to be exempted from state and central taxes. It is also important to increase the infrastructure capabilities for smooth handling of large tourist influx.
There is also a need to modernise the airports across the country, especially in the smaller towns. This will lead to better management and operation, which in turn will boost leisure and business travel.
Sound infrastructure, improved economy and uniform tax reforms will enhance leisure, business and MICE (meetings, incentives, conferences and exhibitions) travel, and all categories of specialised tourism in and out of the country.